LatinNews Regional Monitor: Mexico - 29 January 2020

* Mexico’s national statistics institute (Inegi) has released new figures which show the country registered a trade surplus of US$5.8bn in 2019. This compares with the US$13.6bn deficit reported in 2018. This change stemmed from a higher surplus of the non-oil trade balance which totalled US$27bn in 2019, up from US$9.54bn in 2018, as well as a reduction in the deficit of the oil trade balance which totalled US$21bn in 2019, up from a US$23bn deficit in 2018. Mexico’s exports in 2019 totalled US$461bn, up 2.3% on 2018 while imports totalled US$455bn, down 1.9% on the previous year.

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